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WSJ.com: Real Estate
  • Fortis Sues Lender Kennedy in Debt Case
    Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
  • Helmsley Estate Sells Manhattan Hotel
    The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
  • General Growth Debt Bet Pays Off
    A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
Construction Calculator

remodel-homeWhile visiting RealEstateJournal.com I found this quick construction cost estimator by RSMeans. The easy to use calculator allows you to select from 50 building types to estimate the cost of commercial construction. The user inputs the construction site zip code and expected square feet. The estimator provides low, medium, and high estimates and breaks out the achitectural fees and contractor's overhead and profit. Quick Cost Estimator for Construction.

 
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Adjustable Rate Mortgages

Adjustable Rate MortgageI had a student who wanted to purchase a house to “flip”. He indicated he talked to his real estate broker and she indicated that now is not the time to get an adjustable rate mortgage. Since interest rates are low, it does not make sense to take the risk that rates will rise. Chances are …. they will.

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Clouded Title

Clouded TitleI recently read a question posted at “Google Answers” by a troubled property owner who explains that he inherited vacant property that is encumbered by a deed of trust. The property owner has written correspondence indicating the note was paid however the reconveyance was not completed and/or recorded. The writer indicates the beneficiaries are deceased.*

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